A danger sign warning of an unstable cliff stands on the cliff edge on the North Norfolk coast in the U.K. (Photographer: Chris Ratcliffe/Bloomberg)
cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy – for that you may thank the ingenuity of various stakeholders or lay blame on legal acumen of draftspersons. The phased rollout of the code, timely legislative actions and swift judicial interventions are examples of credible implem...